Woodward, Inc. (NASDAQ:WWD) Position Increased by Oak Thistle LLC

Oak Thistle LLC lifted its position in Woodward, Inc. (NASDAQ:WWD) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,690 shares of the technology company’s stock after acquiring an additional 201 shares during the period. Oak Thistle LLC’s holdings in Woodward were worth $1,280,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WWD. True Wealth Design LLC acquired a new position in Woodward in the 3rd quarter valued at approximately $28,000. Wolff Wiese Magana LLC acquired a new position in shares of Woodward in the third quarter worth $31,000. Capital Performance Advisors LLP purchased a new stake in shares of Woodward during the third quarter worth $41,000. UMB Bank n.a. boosted its position in Woodward by 101.6% during the third quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock valued at $42,000 after purchasing an additional 124 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Woodward during the third quarter valued at $69,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

Wall Street Analyst Weigh In

WWD has been the subject of a number of recent research reports. UBS Group raised their price target on Woodward from $209.00 to $228.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company cut their price objective on shares of Woodward from $197.00 to $193.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. TD Cowen reissued a “hold” rating and issued a $160.00 target price (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. Truist Financial raised their price target on shares of Woodward from $226.00 to $229.00 and gave the company a “buy” rating in a report on Tuesday. Finally, StockNews.com upgraded shares of Woodward from a “hold” rating to a “buy” rating in a report on Monday, December 2nd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.11.

Woodward Stock Up 2.2 %

Woodward stock opened at $184.10 on Wednesday. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 30.63, a P/E/G ratio of 1.85 and a beta of 1.39. The firm has a fifty day moving average price of $175.17 and a two-hundred day moving average price of $169.32. Woodward, Inc. has a fifty-two week low of $133.56 and a fifty-two week high of $201.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.89 and a quick ratio of 1.23.

Woodward (NASDAQ:WWD) last announced its earnings results on Monday, November 25th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.19. The firm had revenue of $855.00 million during the quarter, compared to the consensus estimate of $810.39 million. Woodward had a return on equity of 17.13% and a net margin of 11.22%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 EPS. As a group, analysts forecast that Woodward, Inc. will post 5.98 earnings per share for the current year.

Woodward Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Thursday, November 21st. Woodward’s payout ratio is currently 16.64%.

Insider Buying and Selling at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $177.65, for a total value of $1,776,500.00. Following the sale, the chief operating officer now owns 11,511 shares of the company’s stock, valued at $2,044,929.15. The trade was a 46.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John D. Cohn sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $179.57, for a total transaction of $430,968.00. Following the transaction, the director now directly owns 20,963 shares of the company’s stock, valued at $3,764,325.91. The trade was a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,313 shares of company stock valued at $10,752,072 in the last ninety days. Company insiders own 0.82% of the company’s stock.

About Woodward

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft.